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1. A joint venture or consortium formed for the purpose of undertaking construction projects is exempt from taxation.

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Presentation on theme: "1. A joint venture or consortium formed for the purpose of undertaking construction projects is exempt from taxation."— Presentation transcript:

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2 1. A joint venture or consortium formed for the purpose of undertaking construction projects is exempt from taxation.

3 2. Requisites of tax exemption: a. The Joint Venture should be for the undertaking of a construction project; and b. Should involve joining or pooling of resources by licensed local contracts; that is, licensed as general contractor by the Philippine Contractors Accreditation Board (PCAB) of the Department of Trade and Industry (DTI) c. These local contractors are engaged in construction business; and d. The Joint Venture itself must likewise be duly licensed as such by the Philippine Contractors Accreditation Board (PCAB) of the Department of Trade and Industry (DTI)

4 3. Mandatory Enrollment to the BIR’s EFPS by all licensed local contractors

5 Thank you….


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